Apollo-managed funds have finalised the purchase of a controlling interest in Prosol Group, a French fresh food and multi-specialist food business, from private investment entity Ardian.
Financial terms of the transaction were not disclosed.
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Existing minority shareholders and the company’s management team have co-invested alongside the Apollo funds as part of the transaction, which was first announced in December 2025.
Jean-Paul Mochet remains in post as chief executive officer.
At the time of the announcement, Mochet said: “We are grateful to Ardian for its support and commitment over the past eight years. As we begin this new chapter of our story, we are delighted to partner with Apollo to continue our growth and further strengthen our commitment to promoting quality food.”
Prosol was established in 1992 by Denis Dumont and is based in Chaponnay in the Auvergne-Rhône-Alpes region.
The company operates a vertically integrated supply chain spanning upstream sourcing through to retail, working with close to 2,300 French producers to source, process and distribute fresh produce across its store network. These items include fruit and vegetables, dairy, seafood and meat.
The group runs nearly 450 outlets across France under several retail brands such as BioFrais, Grand Frais, La Boulangerie du Marché, and Mon Marché. It also has a presence in Italy through the Banco Fresco and Panfé fascias.
The business employs close to 10,000 people and posted revenues exceeding €4.2bn ($4.93bn) in its most recent financial year.
Ardian first took a stake in Prosol in 2017.
Over the intervening period, the company is said to have more than tripled its turnover and carried out several acquisitions, including seafood wholesaler Océalliance in 2022 and the Novoviande butcher network in 2024.
At the time of the announcement, Prosol set out plans to extend its store network, consolidate its multi-brand structure and deepen ties with French producers.
The Apollo investment is intended to support that growth strategy.
